Development Partners International (DPI), a leading Africa-focused investment firm, has announced the successful initial public offering (IPO) of its portfolio company Optasia on the Johannesburg Stock Exchange (JSE).
The IPO generated strong interest from a diverse base of investors, raising approximately R6.3 billion (around $375 million). Optasia debuted at R19.00 per share, giving the company a market capitalization of R24.5 billion (approximately $1.4 billion).
Since DPI’s initial investment, Optasia has transformed from a regional mobile lending platform into a global AI-driven fintech leader, now operating across 38 countries. This evolution underscores the company’s commitment to leveraging technology to expand financial inclusion.
James Griffiths, Partner at DPI, commented:
We are proud to have partnered with Optasia as it enters this exciting new chapter. DPI congratulates Optasia’s exceptional team on scaling a pioneering, technology-driven business into a global fintech platform and successfully concluding this landmark IPO. By harnessing AI to extend access to financial services for underserved populations, Optasia continues to demonstrate how innovation and impact can go hand in hand.
